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Jesus. Bibliomania. Anglophilia. Coffee. Pie. Philosophical rants. HBU. Accounting. General Nerdiness.
kaitlinmoye said: Hi!! I am starting my first accounting class tomorrow, and I was wondering if you had any study advice specific to accounting? Thanks!
Oh yes! Be sure and always read the chapter before class. It REALLY helps to know what’s going to be covered and the basic concepts, as Principles I is a very fast paced class. Theory is every bit as important as problems, so make sure that you don’t focus solely on learning numbers. I assume you’re taking financial accounting, so write out the financial statements endlessly to practice for exams. Take a few adjusted trial balances, find a show you want to marathon, and practice till you can do them without thinking. Bad Debt Expense/Allowance for Bad Debt is as confusing as heck, so make sure you allow yourself quite a bit of time to practice it. Ditto Statement of Cash Flows. Work all the problems at the end of the chapter to prepare for exams. Turn your in class notes and power points into a study guide for concepts, and turn your study guide into flashcards. Flashcards are also good for formulas. Get a study group and teach each other. My goal is always to be able to teach the material to someone else flawlessly before each exam. That’s how I know I’m prepared. Don’t be afraid to go to your university’s academic success center to ask for help if you need it! There is no shame in going to tutoring. I am a tutor, and I went every week last spring for Intermediate Accounting I. Your professor is also a great resource. Go work problems with them during office hours if you’re struggling. Also, for accounting neatness is essential. Make sure you use your best handwriting, and I recommend using graph paper so you can have distinct columns for debits and credits. That’s all I can think of right now….let me know if you have any more questions!